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Offsetting Assets and Liabilities
 3 Months Ended
Mar. 29, 2019
Offsetting [Abstract]  
Offsetting Assets and Liabilities

NOTE 10 – OFFSETTING ASSETS AND LIABILITIES

The Partnership does not offset financial instruments in the Consolidated Statements of Financial Condition.  However, the Partnership enters into master netting arrangements with counterparties for securities purchased under agreements to resell that are subject to net settlement in the event of default.  These agreements create a right of offset for the amounts due to and due from the same counterparty in the event of default or bankruptcy.

The following table shows the Partnership's securities purchased under agreements to resell as of:

 

 

 

Gross

amounts of

 

 

Gross

amounts

offset in the

Consolidated

Statements of

 

 

Net amounts

presented in the

Consolidated

Statements of

 

 

Gross amounts not offset

in the

Consolidated Statements of

Financial Condition

 

 

 

 

 

 

 

recognized

assets

 

 

Financial

Condition

 

 

Financial

Condition

 

 

Financial

instruments

 

 

Securities

collateral(1)

 

 

Net

amount

 

March 29, 2019

 

$

1,232

 

 

 

—

 

 

 

1,232

 

 

 

—

 

 

 

(1,232

)

 

$

—

 

December 31, 2018

 

$

911

 

 

—

 

 

 

911

 

 

—

 

 

 

(911

)

 

$

—

 

 

(1)

Actual collateral was 102% of the related assets in U.S. agreements and 100% in Canada agreements for all periods presented.